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    OFF-MARKET
    Drive through restaurants

    2 Wade Rd, Latham, NY 12110-2600

    2,100 SF 2.51 ac lot Built 2009
    Entity Owned 16-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1073182
    Property summary
    AI-generated overview

    This exceptional 4,019 square foot retail space is located in Latham, Albany County, within a 6,281 square foot building constructed in 2011. The property boasts an open floor plan, previously occupied by Metro Mattress, and is in excellent condition. It benefits from a highly desirable location, sharing a large parking lot with a Chipotle restaurant (located in a separate building) and situated directly across from a major medical complex. The building itself features a timeless design with an attractive brick facade and enjoys excellent visibility from Wade Road due to a prominent pylon sign and its position at a signalized intersection. This ensures high traffic flow and excellent exposure for potential tenants. The space offers full access for both tenants and customers, making it an ideal location for a variety of retail businesses. The multiple-tenancy building provides a vibrant and established commercial environment, with Dibella's Old Fashioned Subs as an existing tenant. This property presents a unique opportunity to establish a thriving business in a high-traffic, well-maintained location. The available space is part of a newer building, offering modern amenities and a strong visual appeal.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2009
    Total area 2,100 SF
    Lot 2.51 ac (109,336 SF)
    Zoning code 12
    APN 012689 19.3-1-5
    UPID US63-1073182
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • DiBella's Subs Take-out & Catering
    • Chipotle Mexican Grill Take-out & Catering Catering Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Latham Land Holdings LLC · 16 yrs held
    Latham Land Holdings LLC
    since 2009
    7 recorded transactions
    2019
    2009
    $1.3M
    2007
    $833,334
    2007
    $208,333
    2007
    2005
    2004
    $112,241
    Zoning & alternative use
    12 · Latham, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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